Leonardo opened Turin GCAP hub as Leonardo stock costs EUR 47.34

Published on 10/13/2026 at 10:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Turin became Edgewing's first Italian site on October 9, 2026 with three owners. Leonardo stock costs EUR 47.34 on October 13, 2026 versus EUR 44.25 low.

Key points in brief

Leonardo opened a Turin GCAP engineering hub on October 9, 2026, linking the company to a three-partner aerospace joint venture.
First-half 2026 orders reached EUR 16.0 billion, up 45.00 percent year over year, while revenue rose 12.00 percent to EUR 10.0 billion.
Leonardo stock was trading at EUR 47.34 at Lang & Schwarz on October 13, 2026, against a EUR 44.25 52-week low.
BofA Securities cut its Leonardo target from EUR 79.50 to EUR 71.00 on October 1, 2026, while retaining its Buy rating.

Architektonisches Render eines modernen Glas- und Stahl-Firmencampus in der Dämmerung — Architektur-Render zeigt modernen Firmencampus von Leonardo S.p.A. (IT0003856405) im Luftfahrt- und Rüstungssektor, Illustration mit AI erstellt.

Leonardo (ISIN IT0003856405) was trading at EUR 47.34 at Lang & Schwarz on October 13, 2026 at 10:06 a.m. CEST. The company had opened a Turin engineering hub for the Global Combat Air Programme on October 9, 2026, according to Leonardo. The site connects Leonardo with a program whose industrial joint venture is equally owned by Leonardo, BAE Systems and Japan Aircraft Industrial Enhancement Co.

Three milestones carry concrete figures

On July 30, 2026, Leonardo reported first-half orders of EUR 16.0 billion, up 45.00 percent year over year. Revenue reached EUR 10.0 billion, up 12.00 percent, while EBITA came to EUR 780.0 million, up 34.00 percent, according to Leonardo.

On September 24, 2026, Orizzonte Sistemi Navali signed a EUR 3.7 billion contract for two DDX destroyers for the Italian Navy, as listed by Leonardo. The contract adds a large marine-program figure to the company picture, but execution and timing remain important for converting backlog into cash flow.

What does the GCAP hub mean?

The Turin facility gives Leonardo a direct operating role in a three-owner venture responsible for designing and developing the next-generation combat aircraft. Leonardo said Edgewing had signed international contracts worth more than EUR 6.0 billion in 2026. The strategic value is therefore tied to long-cycle engineering work rather than a single near-term shipment.

Analyst target stays above the quote

On October 1, 2026, BofA Securities retained its Buy rating but cut its Leonardo target from EUR 79.50 to EUR 71.00, according to Stock-World. The new target places the share price 33.32 percent below the target, using the EUR 47.34 Lang & Schwarz quote as the comparison. The cut introduces a counterweight to the strong first-half operating figures.

Next reporting date is set

Leonardo's investor calendar lists November 5, 2026 for the board's results for the nine months of 2026, according to Leonardo. The date gives investors the next formal checkpoint for orders, revenue, EBITA and cash flow after the first-half figures.

Quote stays above the yearly low

Leonardo's market capitalization was EUR 27.3 billion as of October 13, 2026, while the 52-week range was EUR 44.25 to EUR 66.26. The Lang & Schwarz quote of EUR 47.34 therefore stood EUR 3.09 above the yearly low, leaving the next results release as the clearest scheduled test of operating delivery.

The further course of trading is shown by the continuously updated real-time quote of Leonardo stock.